Wheat production and global demand

U.S. wheat export demand is steady for the second straight month in a growing world market according to the World Agricultural Supply and Demand Estimates (WASDE) report from the U.S. Department of Agriculture (USDA) for March 2010. Producers around the world have responded to growing demand by producing record crops recently. As a result, USDA forecasts that global ending stocks for 2009/10 (June-May) will be 196.8 million metric tons (MMT) up 60 percent from a recent low of 123.3 MMT in 2007/08......more detial